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Nutka1998 [239]
2 years ago
9

The total amount paid on a 35 year loan was $98,000. If the interest rate was 4.1% and compounded monthly, what was the principa

l? Round your answer to the nearest cent.
Mathematics
2 answers:
IRINA_888 [86]2 years ago
7 0

Answer:

$23,392

Step-by-step explanation:

Use the compound interest formula and substitute the values given: $98,000=P(1+.041/12)^{12(35)}

Simplify using order of operations:

$98,000=P(1.003416667)^{420}

P=$98,000(1.003416667)^{420}

P≈$23,392

Levart [38]2 years ago
5 0

Answer:

The principal amount was $23,393.45

Step-by-step explanation:

The total amount paid on a 35 year loan was $98,000 at the rate of interest 4.1%

We will calculate Principal amount by this formula

A=P(1+\frac{r}{n})^{nt}

Where A = amount (98,000)

           P = Principal amount (P)

           r = rate of interest 4.1% (0.041)

           n = number of compounding interest monthly (12)

           t = time (35 years)

98,000=P(1+\frac{0.041}{12})^{(12)(35)}

98,000=P(1+0.003416)^{(420)}

98,000=P(1.003416)^{(420)}

98,000 = P(4.189386)

= 4.189386P = 98,000

P = \frac{98000}{4.189386}

P = 23,392.4494 ≈ $23,392.45

The principal amount was $23,393.45

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EastWind [94]

<u>Answer:</u>

C. Left-handed: 48, Right-handed: 504

D. Left-handed: 30, Right-handed: 315

<u>Step-by-step explanation:</u>

We are given that there are 58 left-handed students and 609 right-handed students at East Middle School and these numbers of students are proportional to the number of left and right handed students at East Middle School.

Given the above information, we are are to determine which two options could be the the numbers of left-handed and right-handed students at West Junior High.

Ratio of right handed to left handed students at East Middle School = \frac{609}{58} = 10.5

Checking for ratios of the given options:

A. \frac{483}{42} =11.5

B. \frac{378}{28} =13.5

C. \frac{504}{48} =10.5

D. \frac{560}{56} =10

E. \frac{315}{30} =10.5

Therefore, the possible numbers of left-handed and right-handed students at West Junior High could be C. Left-handed: 48, Right-handed: 504 and D. Left-handed: 30, Right-handed: 315.

7 0
2 years ago
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The measure of central angle XYZ is StartFraction 3 pi Over 4 EndFraction radians. What is the area of the shaded sector? 32Pi u
Tems11 [23]

Answer:

<em>96π units²</em>

Step-by-step explanation:

Find the diagram attached

Area of a sector is expressed as;

Area of a sector = θ/2π * πr²

Given

θ = 3π/4

r = 16

Substitute into the formula

area of the sector = (3π/4)/2π * π(16)²

area of the sector = 3π/8π * 256π

area of the sector = 3/8 * 256π

area of the sector = 3 * 32π

<em>area of the sector =96π units²</em>

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2 years ago
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Cindy found a collection of baseball cards in her attic worth $8,000. the collection is estimated to increase in value by 1.5% p
Sergio [31]
A]
Exponential function is given by the form:
y=a(b)ˣ
where:
a=initial value
b=growth factor
From the question:
a=$8000, b=1.015, 
thus the exponential growth function of this situation is:
y=8000(1.015)ˣ

b] The value of the collection after 7 years will be:
x=7 years
Using the formula:
y=8000(1.015)ˣ
plugging the values we get:
y=8000(1.015)⁷
y=8,878.76

Answer: $8,878.76
7 0
2 years ago
Sienna planned a rectangular pool, as shown in the scale drawing below.
svlad2 [7]

Answer:

The scale factor is

27.5 feet / 22 feet = 1.25.

Explanation:

Whenever you are calculating factors, you are comparing two measurements. In this problem we compared a longer length to a shorter length pool. The length was changed to (27.5 feet) and youre comparing to the length it was originally (22 feet).

Ok so you know the two measurements being compared, but how come it’s 27.5/22 and not 22/27.5? Because the value got bigger.

In this problem you had a pool with long side of 22 ft. But then you made it longer to 27.5 ft. So it scales up,

It went from 100% its length to 125% its length. So the length is 125% / 100% = 1.25 times longer than it used to be.

Here’s another example:

How do you calculate your grade percentage on a test? You take the amount of points you earned and divide by the total possible points. Your grade percentage is a comparison of your score (Compare value) compared to a perfect score (reference value) .

So lets say your test had 22 total points. You get all the answers correct so you get 22/22 points which is 22/22*100 = 100%. Let’s say you get an extra bonus question correct so you end up with even more points and you get 27.5 points out of 22. By getting the bonus points you scaled up your score! Now your score is 27.5/22 * 100 = 125%. So you went from 100% to a 125%. Or from a scale factor of 1 to 1.25.

Whenever the value is getting bigger than it was, you’re going to have a compared percentage over 100%. If the value gets smaller, then you would get a compared percentage less than 100%. Similarly a factor scale is going to be over 1 if the compared value is getting bigger, and less than 1 if it’s getting smaller.

So you don’t need to use percentages, factors are the same they just look a little different.

27.5/22 = 125% / 100% = 1.25

In summary just do this division:

(compare value)/(reference value). The result is how big the top value is compared to the bottom value.

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Solnce55 [7]
To write the function correctly, it is important to assign variables correctly and understand the situation of the problem clearly. For this, we let y the number of people and x as the number of songs played.

At x = 0   y = 567
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at x = 2   y = 567 - 567(1/3)(1/3)
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Therefore, the number of people left after x songs would be represented by the equation:

y = 567 - 567(1/3)x
y = 567 ( 1- x/3 )
7 0
2 years ago
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